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Spurred by lower mortgage rates, sales of new U.S. homes rocketed to a record rate and existing U.S. homes rose to their second-highest rate on record in March, according to separate reports released by the U.S. Commerce Department and National Association of Realtors (NAR).

Worldwide commercial interiors products and services provider Interface Inc. reported net income of $4.4 million, or 9 cents per diluted share, on sales of $306.5 million results for the first quarter ended April 1, 2001.

Well-known flooring industry executive Ralph J. Boe has assumed the reins as president of the Beaulieu residential division.

EmilAmerica Inc., the wholly owned subsidiary of Italian ceramic tile manufacturer EmilCeramica SpA, has opened a new 20,000-square foot North American headquarters and distribution center in Alexandria, Va.

Domco has extended its popular spiff promotion on the company’s Natural Wonders Collection of resilient flooring through June 30.

Harris-Tarkett Inc., the hardwood flooring subsidiary of Domco Tarkett Inc., has acquired the former Burruss facility in Brookneal, Va. for $3.5 million.

Building upon the momentum established in preceding quarters, Interceramic posted record sales, operating income and EBITD in the first quarter of 2001.

Q.E.P. Co. reported a decline its net sales and income for the fiscal 2001 fourth quarter and flat performance for the full year ended Feb. 28, 2001.

Piet Dossche, president of Beaulieu Residential, has resigned from the company. Beaulieu is expected to name his replacement this week.

Mohawk Industries Inc. has reported that the company’s sales and earnings for the first quarter of 2001 declined from the same period a year earlier.